Singapore: Inflation falls to lowest level since April 2022 in March
Inflation came in at 5.5% in March, down from February’s 6.3%. March’s reading marked the weakest inflation rate since April 2022. The cooling of price pressures was largely driven by a more moderate rise in prices for food and transportation.
The trend was unchanged, with annual average inflation coming in at February’s 6.5% in March. Meanwhile, core inflation fell to 5.0% in March from February’s 5.5%.
Finally, consumer prices increased 0.50% from the previous month in March, moderating from February’s 0.56% rise.